Category: DeFi Projects

DeFi projects, short for decentralized finance projects, refer to a category of financial applications built on blockchain technology that aim to recreate and improve upon traditional financial services without the need for centralized intermediaries, such as banks or brokers. These projects leverage smart contracts and decentralized networks to provide services such as lending, borrowing, trading, and investing.

DeFi projects typically operate on public blockchains, like Ethereum, enabling transparency, accessibility, and greater control for users over their financial assets. Common features of DeFi projects include liquidity pools, yield farming, decentralized exchanges (DEXs), and stablecoins. By utilizing blockchain technology, DeFi projects seek to increase financial inclusion, reduce costs, and enhance security while allowing users to engage directly with financial services in a peer-to-peer manner. The growth of DeFi has led to a wide range of innovative financial products and services that aim to disrupt traditional finance systems.